Benzinga’s readers weighed in. “Would you buy solar stocks ahead of a Trump/[J.D.] Vance win, given their historical skepticism towards the solar industry and support for fossil fuels?” Benzinga asked. The results show varying opinions among investors.
- 43% of respondents said yes.
- 57% of respondents said no.
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Trump’s odds of winning the presidency have risen steadily in 2024, according to betting market Polymarket. Meanwhile, in a move perhaps correlated with the election, solar stocks are down on the year.
Trump repeatedly criticized solar and wind energy during his presidency, according to Newsweek. He also called climate change a “hoax.”
Meanwhile, solar has paradoxically become more popular in states such as Texas (a state that consistently votes red,) which could indicate that solar has become less politicized.
The survey was conducted by Benzinga on July 16 and July 17 and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 112 adults.
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